Lending money to friends or family? Register as a credit provider, or else!
It discourages a benevolent lender from advancing funds… it opens the door to unscrupulous borrowers…Riccardo Petersen, Norton Rose Fulbright
I’m hoping this goes to the Constitutional Court… it doesn’t sit well with me…Riccardo Petersen, Norton Rose Fulbright
Everyone who makes a loan must register as a credit provider, the Appeal Court found.
It doesn’t matter if the provider of the loan is involved in the credit industry, or whether it’s a once-off transaction.
Listen to the interview in the audio below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
This article first appeared on 702 : Lending money to friends or family? Register as a credit provider, or else!
How to save and buy an island (you need only R2000 per month)
Saving money on boring stuff such as a car can allow you to do really outrageous and courageous stuff, says Sam Beckbessinger.Read More
Why Mergence Investment Managers is buying Standard Bank and Mr Price
The Money Show’s Bruce Whitfield asks investment analyst Nolwandle Mthombeni to share her stock picks of the week.Read More
5 retirement saving tips for those who left it late
It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.Read More
Believe it, or not – the cost of living in SA is amongst the lowest in the world
If only we earned more – we’d be rich! Kieno Kammies interviews Certified Financial Planner Paul Roelofse.Read More
Enjoy life and save for the future by splitting income using the '50/15/5 rule'
You only live once — personal finance guru Warren Ingram on divvying up your income if you're not the budgeting type.Read More
How to start saving and investing money
Unless you're über-rich, saving money is a must. But it’s not easy. Arabile Gumede talks to personal finance expert Warren Ingram.Read More
Lending money to family – what to do, and what not to do
Don’t do it! But if you must, you may want to consider personal finance expert Warren Ingram’s advice.Read More
How to get a nice, fat tax refund from Sars (a guide for business owners)
The Money Show's Bruce Whitfield interviews Daniel Baines, author of "How to Get a Sars Refund for Small Businesses".Read More
How to live off a dread disease benefit
Personal finance advisor Warren Ingram discusses "dread disease benefits", typically paid out as a lump sum.Read More
Is your financial advisor any good?
Personal finance expert Warren Ingram says the answers to these five questions should give you a good idea.Read More